Archive for Financial Economics
Krugman/Sumner Death Match: Let There Be Peace on Earth, and Let It Begin With Me
OK when I see Scott Sumner and Paul Krugman (also Mark Thoma) arguing over the best way to destro fix the economy–should Bernanke crank out more $100 bills to buy long-term government debt so the feds can buy more Predator drones, or should Pelosi borrow more directly from the private sector so the feds can [...]
Read moreAre You Scared Yet?
[UPDATE below.] Alasdair Macleod wants to know what I think about this: Since I’m not a Keynesian, and actually believe in a structure of production, this is what I think. UPDATE: Mark Wise–whom I used to work with in the financial sector–talked me down from the ledge. He linked me here, and said: This is [...]
Read more“The World Is Ending! The Market Value of Money Market Accounts Is Dropping! Aaaaaaaa!”
[UPDATE below.] I need to do some more research before I open fire on David, Robert, Ambrose, and all my friends, but I think these guys are all missing some really basic stuff here. Fortunately for their self-esteem, I am really busy and don’t know when I can deal with this in a careful (and [...]
Read moreMy New Favorite Hedge Fund Manager
I saw some other videos with unpromising titles (like “Hendry says print money to fix slump”) but I don’t want to ruin it. Anyway this is pretty cool, I just wish I knew the context. (HT2 Ash Navabi)
Read moreHugh Hendry vs. Jeffrey Sachs
This is beautiful. (HT2 Jeff Tucker.) This video is worth watching, at least through the first 5:30 minutes or so. (You need to see Hendry respond to Sachs’ claim that the Greek issue has only been on the table for 10 weeks.) Other observations: (1) Look at how much more civil this is, compared to [...]
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